Argentina Launches Tender for Free-Trade Zone Near LNG Export Hub

Argentina's Rio Negro province is set to launch an international tender in November for a free-trade zone near its planned liquefied natural gas (LNG) export hub. The 432-hectare site at Punta Colorada, in Patagonia, will offer industrial, logistics, and service companies tax breaks and regulatory advantages.

The free-trade zone is part of Argentina's Vaca Muerta LNG project, backed by state energy company YPF, Italy's Eni, and XRG, the international investment arm of Abu Dhabi National Oil Company. LNG and crude oil will be transported to Rio Negro from Vaca Muerta in Neuquen.

The proposed concession is for 30 years, with a possible 10-year extension. Companies established in the zone can apply for Argentina's RIGI investment incentive program, which offers tax and regulatory advantages for investments above $200 million, according to Governor Alberto Weretilneck.